Lou Jiwei says the US and China are heading towards a financial war. Photo: Simon Song

China-US rivalry on brink of becoming a ‘financial war’, former minister says

  • Conflict will be characterised by Washington’s use of ‘long-arm jurisdiction’, such as blocking firms like Huawei and ZTE, Lou Jiwei tells forum in Beijing
  • US has been ‘hijacked by nationalism and populism’ and is resorting to ‘bullying’, he says
Topic |   US-China trade war

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Lou Jiwei says the US and China are heading towards a financial war. Photo: Simon Song
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.